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Dec 7, 2013 5:30pm PST
an education, who have made a real investment in trying to secure better careers and are stuck with a waitressing or retail job there are a lot of implications with that. they may have student loans they cannot pay off. that increases their probability of defaulting on the loans. they also lower their lifetime earnings potential. the center for american progress did a study on the long term implications of this. and they found that for the 1 million americans who are young and who are unemploymented because of the great recession they probably lost a collective $20 billion in earnings for the next 10 years. >> what about the larger part of the economy? >> if you have young people living with relatives and friends, couch surfing, renting instead of buying a home because they don't have the money to do that or the credit built up to do that or have bad credit, that pushes back the time line where they can buy a home and if they do it at all. it also had a big implication for consumer spend coming is the biggest part of our economy. if people are earning less over their lifetime t
Search Results 0 to 0 of about 1